Motisons Jewellers Ltd approved the redemption of 50,00,000 unlisted 2.5% Non-Convertible Redeemable Preference Shares held by Gajraj Tradecom Private Limited. The transaction, valued at ₹5.0 Crore, was funded out of company profits. Post-redemption, the remaining preference share capital stands at 50,00,000 shares of ₹10 each.
Mahanagar Gas Ltd has issued a Postal Ballot Notice seeking shareholder approval to appoint Mr. Deepak Gupta as Chairman and Mr. Praveer Kumar Srivastava as Managing Director. The e-voting period runs from April 20 to May 19, 2026. These appointments follow nominations from GAIL (India) Limited.
Apollo Tyres Ltd received an order from the Joint Commissioner of Customs, Chennai, imposing a ₹0.14 Crore penalty due to a dispute regarding HSN classification. The company plans to appeal the decision. Management stated there is no material impact on financial or operational activities.
Indo Euro Indchem Ltd received a GST Demand Order for Rs. 0.73 Crore, including a Rs. 62.71 Lakh penalty for alleged inadmissible ITC. The company intends to contest the demand before appropriate authorities. This contingent liability has no immediate impact on operations.
Linc Limited announced that Acuite Ratings & Research Limited has extended the validity of its credit ratings. The Long-Term Rating is maintained at ACUITE A+/ Stable, while the Short-Term Rating is ACUITE A1+.
Rishab Special Yarns Limited (BSE: 514177) has received approval from the Registrar of Companies, MCA, to change its name to 'Impera Worldwide Limited'. The company is awaiting the fresh Certificate of Incorporation. This change marks a significant corporate rebranding for the entity.
Mr. Kapil Khera has resigned as an Independent Director of SK Minerals & Additives Limited with effect from April 16, 2026, citing personal reasons. Consequently, he ceases to be the chairman of the Nomination & Remuneration Committee and a member of the Audit and Stakeholder Relationship Committees.
Elecon Engineering reported mixed FY26 results with a 6% revenue growth, as MHE division's 37% surge offset a 21% contraction in the Gear division due to geopolitical delays.
Shree Cement Ltd received a GST demand order for ₹8.31 Crore plus interest and penalties from the Commissioner, Central GST & Central Excise, Jodhpur. The demand relates to non-payment of service tax. The company intends to appeal the order before the Tribunal by July 15, 2026, and expects no major financial impact.
Bank of Maharashtra appointed Shri Sushanta Kumar Mohanty as Executive Director for a three-year term starting April 15, 2026. An industry veteran with over 30 years of experience at Bank of Baroda, his expertise spans treasury, international banking, and forex management. This leadership addition strengthens the bank's executive management team.
Prabhhans Industries Limited notified the exchange of its exemption from submitting the Annual Secretarial Compliance Report for FY2026. The company qualifies for exemption under SEBI LODR Regulation 15(2) as its paid-up equity capital (₹6.24 Crore) and net worth (₹9.66 Crore) remain below the mandatory reporting thresholds.
Longspur International Ventures Ltd confirmed it is not a 'Large Corporate' as per SEBI criteria for the financial year ended March 31, 2026. The company reported zero outstanding borrowings, exempting it from mandatory incremental debt sourcing through the bond market.
ISGEC Heavy Engineering Ltd has signed an MOU with Nigeria's National Sugar Development Council. The company will provide technical support for sugar plant development, including feasibility studies and design activities. This partnership enhances ISGEC's visibility and business opportunities within the African sugar industry.
IL&FS Transportation Networks Limited has initiated its third interim distribution payment of ₹139.63 Crore to eligible Non-Convertible Debenture (NCD) holders effective April 16, 2026. The distribution covers 35 different ISINs. Consequent to these payments, the admitted claim value of the NCDs will be reduced by the payout amount.
Bank of Maharashtra appointed Shri Sushanta Kumar Mohanty as Executive Director for a three-year term effective April 15, 2026. An industry veteran with over 30 years of experience, Mohanty previously served as Chief General Manager at Bank of Baroda. He has assumed charge on April 15, 2026.
Housing and Urban Development Corporation Credit Rating
India Ratings affirmed HUDCO's issuer rating at 'IND AAA/Stable' and assigned the same to its proposed ₹70,000 Crore bond program. Ratings for existing bonds, bank facilities, and commercial paper were also affirmed. The action reflects HUDCO's strategic importance to the GoI and its strong financial performance in 9MFY26.
Bluestone Jewellery and Lifestyle Employee Stock Options
BlueStone Jewellery and Lifestyle Limited granted 2,09,319 ESOP options to an employee at an exercise price of Rs. 1 per share. The options vest over four years and have a maximum exercise period of seven years from the grant date.
Infollion Research Services Limited announced its FY 2025-26 financial highlights, crossing the ₹100 Crore revenue milestone for the first time. Total revenue reached ₹102.99 Crore, a 30% YoY increase. Net profit (PAT) grew 2% to ₹12.72 Crore, while EBITDA stood at ₹14.73 Crore. The company continues to show steady growth across key financial metrics.
Pro CLB Global Limited entered a Strategic Association Agreement with Sevenglow Lights Limited. The agreement outlines a phased strategic investment, initially targeting a 36% equity stake with potential for 100% acquisition. The partnership focuses on business expansion, governance, and long-term value creation, valid for an initial six-month term.
Ceigall India Limited confirmed it does not meet the SEBI criteria for 'Large Corporate' classification as of March 31, 2026. Consequently, the company is not required to file initial or annual disclosures related to debt security issuance frameworks for large corporates.
Mangalam Drugs and Organics Adverse Business Impact
Mangalam Drugs and Organics Limited reported a combined default of ₹15.58 Crore on cash credit facilities from Bank of Maharashtra and Bank of Baroda. The defaults began in October 2025. The company stated it is making arrangements to pay the overdue amounts as soon as possible.
HDFC Securities Limited has fixed April 28, 2026, as the record date for the redemption of its Commercial Paper (ISIN: INE700G14RT1). The maturity and redemption date is scheduled for April 29, 2026.
Novartis India Limited has issued a Postal Ballot notice to seek shareholder approval for the appointment of Ms. Gowree Gokhale as a Non-Executive Independent Director for a five-year term. E-voting commences on April 17, 2026, and concludes on May 16, 2026. This follows the upcoming conclusion of Ms. Sandra Martyres' tenure.
Quint Digital Limited received trading approval from BSE for 25,500 equity shares allotted under its ESOP Plan 2020. Trading in these shares is effective from April 17, 2026. This increases the company's listed equity share capital to ₹47,20,80,080, divided into 4,72,08,008 shares of ₹10 each.
BEML Limited informed the exchanges that it does not fall under the Large Corporate category for FY 2026-27 as per SEBI circulars. The company reported zero outstanding borrowings as of March 31, 2026, and maintains a credit rating of AA- from CARE Ratings Limited.
Medico Remedies Ltd received a penalty of ₹0.01 Crore each from NSE and BSE for non-compliance with SEBI Regulation 6(1). The company's waiver applications were rejected by both exchanges. The company has since paid the fines and confirmed compliance as of February 18, 2026.
BEML Land Assets Limited has appointed Mrs. Bharti Ramchandani as Company Secretary effective April 21, 2026. She succeeds Mr. Ravisekhar Rao S V, whose tenure ends on April 20, 2026. Mrs. Ramchandani is a Fellow member of ICSI with nine years of experience in the secretarial field.
Western Overseas Study Abroad Limited has signed a Student Recruitment Agreement with Algebra Bernays University, Croatia. The company will facilitate admissions and marketing across Chandigarh, Haryana, and Punjab. This partnership includes developing joint academic programs, aiming to enhance the company's international presence and strengthen its position in the overseas education consultancy sector.
Ansal Housing Limited received an income tax demand of ₹19.20 Crore for Assessment Year 2024-25. The demand relates to expense disallowances and income recognition differences. The company intends to appeal the order before the appropriate authority and expects a favourable outcome, stating no immediate impact on current operations.
Datiware Maritime Infra Limited submitted a declaration confirming that Regulation 32(1) regarding the statement of deviation or variation is not applicable for the quarter ended March 31, 2026. The company confirmed it has not raised funds through public, rights, or preferential issues during this period.
